Credit Card and Payment Matching with Invoices, Overseas Shopping Limit Reduced

Attention to bank and credit card transactionsIn cases where taxpayers' collections regarding the delivery of goods or performance of services are made through accounts registered in the names of other persons instead of accounts registered in their own name, special irregularity penalties are envisaged to be imposed on those who use others' accounts and those who allow their accounts to be used. The same penalty shall also be applied for collections made through methods such as name, identity number, and the like, without any account registered in the names of individuals.Similarly, special irregularity penalties are introduced for those who make collections for the delivery of goods or performance of services using payment instruments such as credit cards, debit cards, prepaid cards, QR codes, electronic wallets, and similar payment tools, through electronic devices/systems (POS and similar devices) of other taxpayers or non-taxpayers, and for those who allow these electronic devices/systems to be used.10% of the amounts, provided that it is not less than 20,000.00 TL.This issue was heavily debated on social media, and companies experienced difficulties regarding collection matters, upon which the Revenue Administration had to make a statement on August 6, 2024 (yesterday). https://www.gib.gov.tr/kredi-karti-ve-banka-karti-ile-yapilan-odemelere-iliskin-aciklamaLimit for international shopping reduced, additional tax imposed on topfrom 150 Euros to 30 Euros.- The tax on cargo originating from the European Union was increased from 20% to 30% উঠিল.- The tax on cargo originating from non-EU countries was increased from 30% to 60%.For a product of 100 USD ordered from China, you will roughly need to pay 216 USD. Ordering from Aliexpress or Temu will now become very expensiveCriteria for mandatory independent audit within the scope of POA (Public Oversight Authority):- Total assets being 150 million TL and above- Annual net sales revenue being 300 million TL and above- Number of employees being 150 and aboveCompanies that meet 2 of the above 3 conditions for 2 consecutive years shall be subject to independent audit even if they do not meet the conditions in the 3rd year* There is an obligation to perform independent audits for at least 2 years (consecutive)* In cases where 2 of the 3 criteria cannot be met, the independent audit requirement is lifted in subsequent years* For the criteria of being subject to independent audit, inflation-adjusted amounts will be taken into account for 2023 and 2024 financial data, whereas non-inflation-adjusted amounts will be considered for 2022 financial dataWith the announcement of July inflation data, the maximum rental increase rate applicable in August has been determined. The 12-month average inflation rate was announced as 65.93 percent. Landlords will be able to increase the rent of their tenants whose contract renewal period has arrived by a maximum of 65.93 percentAccording to the law published on August 2, as of September 1, the SSI (Social Security Institution) premium will increase by 0.25%. There will be a 5% increase for retirees who retired within the scope of EYT (Retirement Age Strikers) and re-entered employmentLeave rights (Labor Law No. 4857 - paid leave)- Annual paid leave• 14 days ... for those with a length of service from 1 year to 5 years• 20 days ... for those with a length of service from 5 years to 15 years• 26 days ... for those with a length of service of more than 15 years- Marriage leave ... 3 days- Bereavement leave ... 3 days ... in the event of the death of mother, father, spouse, sibling, and child- Paternity leave ... upon the birth of the spouse- Disabled child leave ... up to 10 days ... for the treatment of a child with a 70% disability or chronic illness- New job-seeking leave ... at least 2 hours per day ... daily or accumulated within the notice period- Nursing leave ... 1.5 hours per day ... female employees with a child under the age of 1- Pregnant employee examination leave ... periodic checks ... during the pregnancy of pregnant employees for their periodic checks